BARS curve in Romanian economy

The paper is consacrated to the binomial “public budget-global output” from the BARS curve perspective. The first section characterizes the main conceptual premises of this approach. The second is devoted to empirical analysis, using the statistical data (1990- 2013) for Romania, an European emergen...

Full description

Saved in:
Bibliographic Details
Main Author: Emilian Dobrescu
Format: Article
Language:English
Published: Editura ASE 2015-05-01
Series:Amfiteatru Economic
Subjects:
Online Access:http://www.amfiteatrueconomic.ro/ArticolEN.aspx?CodArticol=2419
Tags: Add Tag
No Tags, Be the first to tag this record!
_version_ 1850171240754446336
author Emilian Dobrescu
author_facet Emilian Dobrescu
author_sort Emilian Dobrescu
collection DOAJ
description The paper is consacrated to the binomial “public budget-global output” from the BARS curve perspective. The first section characterizes the main conceptual premises of this approach. The second is devoted to empirical analysis, using the statistical data (1990- 2013) for Romania, an European emergent economy: three cointegrating regressions (fully modified least squares, canonical cointegrating regression and dynamic least squares) and three algorithms based on instrumental variables (two-stage least squares, generalized method of moments, and limited information maximum likelihood) are used. Some conclusions are presented.
format Article
id doaj-art-9cd892e7599d410c9038457624bb3f11
institution OA Journals
issn 1582-9146
2247-9104
language English
publishDate 2015-05-01
publisher Editura ASE
record_format Article
series Amfiteatru Economic
spelling doaj-art-9cd892e7599d410c9038457624bb3f112025-08-20T02:20:19ZengEditura ASEAmfiteatru Economic1582-91462247-91042015-05-011739693705BARS curve in Romanian economyEmilian Dobrescu 0Romanian Academy, Bucharest, RomaniaThe paper is consacrated to the binomial “public budget-global output” from the BARS curve perspective. The first section characterizes the main conceptual premises of this approach. The second is devoted to empirical analysis, using the statistical data (1990- 2013) for Romania, an European emergent economy: three cointegrating regressions (fully modified least squares, canonical cointegrating regression and dynamic least squares) and three algorithms based on instrumental variables (two-stage least squares, generalized method of moments, and limited information maximum likelihood) are used. Some conclusions are presented.http://www.amfiteatrueconomic.ro/ArticolEN.aspx?CodArticol=2419public budgetglobal outputBARS curve
spellingShingle Emilian Dobrescu
BARS curve in Romanian economy
Amfiteatru Economic
public budget
global output
BARS curve
title BARS curve in Romanian economy
title_full BARS curve in Romanian economy
title_fullStr BARS curve in Romanian economy
title_full_unstemmed BARS curve in Romanian economy
title_short BARS curve in Romanian economy
title_sort bars curve in romanian economy
topic public budget
global output
BARS curve
url http://www.amfiteatrueconomic.ro/ArticolEN.aspx?CodArticol=2419
work_keys_str_mv AT emiliandobrescu barscurveinromanianeconomy